AmerisourceBergen’s $2 Billion Facilities

Davis Polk advised the joint lead arrangers and the agent in the deal.

A $1 billion term loan facility was provided to AmerisourceBergen Corporation to finance its acquisition of Walgreens Boots Alliance, Inc.’s Alliance Healthcare business, and a $1 billion revolving credit facility was provided to AmerisourceBergen for general corporate purposes.

AmerisourceBergen provides pharmaceutical products, value-driving services and business solutions that improve access to care. Its partners in the pharmaceutical supply chain include healthcare providers, veterinary practices, livestock producers and global manufacturers. It has more than $185 billion in annual revenue and a presence in 50+ countries.

JPMorgan Chase Bank, N.A. acted as administrative agent. JPMorgan, BofA Securities, Inc., Wells Fargo Securities, LLC and Morgan Stanley Senior Funding, Inc. acted as joint lead arrangers. The syndication agents incuded BofA Securities, Inc., Wells Fargo Securities, LLC and Morgan Stanley Senior Funding, Inc.

Walgreens Boots Alliance is a global leader in retail and wholesale pharmacy. Its services include dispensing and distributing medicines, operating retail locations, digital platforms and health and beauty products. Including equity method investments, it has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.

The Davis Polk finance team included partner James A. Florack (Picture), counsel Darren Mahone and associates Mario Babic and Brittany Taylor. Partner Michael Farber and associate Benjamin Helfgott provided tax advice. Partner Adam Kaminsky provided executive compensation advice. 

Involved fees earner: Mario Babi? – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; James Florack – Davis Polk & Wardwell; Benjamin Helfgott – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Darren Mahone – Davis Polk & Wardwell; Brittany Taylor – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; JP Morgan Chase & Co.; Morgan Stanley Senior Funding, Inc.; Wells Fargo Securities;

Martina Bellini

Author: Martina Bellini